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Bitcoin soars past $106,000, driven by Trump’s support for a US crypto reserve.
Bitcoin broke above $106,000 after President-elect Donald Trump suggested creating a U.S. strategic reserve for the cryptocurrency.
This boost in investor sentiment has led to a 192% increase in Bitcoin's value year-to-date.
The total cryptocurrency market value has almost doubled to over $3.8 trillion.
Analysts predict Bitcoin could reach $110,000 by the New Year, followed by a correction.
The rise is also fueled by MicroStrategy's inclusion in the Nasdaq 100 and positive regulatory outlook.
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